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Record summary journal entries related to the allowance

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Reference no: EM132652538

Interpreting Bad Debt Disclosures Balance at Beginning of Period Charged to Costs
Siemens is one of the world's largest electrical engineering and electronics companies. Headquartered in Germany, the company has been in business for over 160 years and operates in 190 countries. In a recent annual report, it disclosed the following information concerning its 

allowance for doubtful accounts (euros in millions denoted as €): €1,013

and Expenses Amounts €315

Written OffBalance at €(120)

End of Period €1,208

Required:

Question 1. Record summary journal entries related to the allowance for doubtful accounts for the current year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions.)

Reference no: EM132652538

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